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Greek bailout: Economic good sense or waste of money?

Published: 25 February, 2012, 12:21

Health workers shout slogans during an anti-austerity rally in front of the parliament in Athens February 23, 2012. (Reuters / Yiorgos Karahalis)

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TAGS: EU, Crisis, Protest, Politics, The Resident, Budget, Economy, Greece


Our own “Resident” in New York has been out and about in the Big Apple asking people whether or not it is a good idea to give Greece's battered economy another chance.

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-2 (4 votes)
 
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Wildey February 26, 2012, 01:05
+5

You know, when an animal is given food for a length of time and then you stop you shouln't be surprised when it bites you. Humans are the same. Politicians offer what the country cannot and should not to people and after the truth in what they're giving comes to the surface, you have the circumstances we see in Greece and elsewhere. Ridiculous pention plans and other things are to seed to the problem. In economics you learn you can't consume more than you produce, like the whole world's been doing, some with more common sense and others? Per capita the US is in worse shape than Geece by over a thousand dollars.

 

The political realm thinks there's an alchemist, someone that make gold out of dirt. Well the day of reckoning is upon us. You can't. There is many reasons and excuses but they all point to a return to morality, God's rules for action and interaction. It's the ONLY solution. Are we going to turn to it? It's a life or death decision. John 3:16   

Bill (unregistered) February 25, 2012, 17:21
+1

What is an OWS?What we should be doing is sorting out away they can 'leave' the euro-zone gracefully. They were given a golden 'hello' why can't we give them a golden goodbye? Technically they were bribed to join, the perpetrators of this bribe and the people involved in fiddling the books, (Goldman Sachs) and the previous Greek conservative government, should be brought to court!

Eurasian February 25, 2012, 13:34
+3

Oh yes, but of course injecting more loans to Greece is very very good for the Big Apple. But the people interviewed there, except the German guy, holly unaware of what is happening to Greece and the financial games of the heart of the Big Apple - although they have very similar problems as Greece shown at their OWS´s.